Swapilchoksi

Is DJI started its downtrend journey?

Education
TVC:DJI   Dow Jones Industrial Average Index
Is DJI started its downtrend journey? I think it's too early to say this because right now DJI is trading in the consolidation zone.
On the upside major resistance @ 22350-23350 and the downside major support @ 15800-16100. Between these two major resistance and support zone, there is also a consolidation zone @ 17000-22500.
I am not accepting V shape recovery in DJI. May be DJI will start it's the downtrend on higher time frem or it will be in a consolidation zone for a long time.
 https://www.tradingview.com/x/ewjAcAnM/?_ga=2.14453943.1064141235.1585910650-1032367771.1582562479

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.